Market Size of South America Construction Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 4.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
South America Construction Adhesives Market Analysis
The South America construction adhesives market is expected to grow at a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the growing investments in construction projects. However, the volatile prices of raw materials is hindering the market studied.
- Rising Demand from Panels and Glazing in High-Rise Buildings is expected to provide a major growth opportunity for the market studied.
- Brazil accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the technology, waterborne adhesives are expected to dominate the market studied during the forecast period.
South America Construction Adhesives Industry Segmentation
The South America construction adhesives market report includes:
Resin Type | |
Acrylics | |
Epoxy | |
Polyurethanes | |
Polyvinyl Acetate (PVA) | |
Silicones | |
Other Resin Types |
Technology | |
Water-borne | |
Reactive | |
Hot-melt | |
Other Technologies |
End-use Sector | |
Residential | |
Commercial | |
Infrastructure | |
Industrial |
Geography | |
Brazil | |
Argentina | |
Rest of South America |
South America Construction Adhesives Market Size Summary
The South America construction adhesives market is poised for significant growth, driven by increasing investments in construction projects across the region. The demand for construction adhesives is particularly bolstered by the rising need for panels and glazing in high-rise buildings, presenting substantial growth opportunities. Brazil stands out as the dominant player in this market, largely due to its robust construction activities and government initiatives aimed at enhancing public-private partnerships in the sector. The market is characterized by a preference for waterborne adhesives, which are favored for their low volatile organic compound (VOC) content and versatility in various construction applications, such as tile bonding and laminating.
Despite the promising growth trajectory, the market faces challenges, notably the volatility in raw material prices, which could impede progress. The South America construction adhesives market is moderately consolidated, with a few key players holding significant market shares. Companies like 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG are pivotal in shaping the competitive landscape. The ongoing expansion of the construction industry in South America, particularly in Brazil, is expected to sustain the demand for construction adhesives, ensuring the market's continued growth over the forecast period.
South America Construction Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Investments in Construction projects
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1.2 Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Acrylics
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2.1.2 Epoxy
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2.1.3 Polyurethanes
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2.1.4 Polyvinyl Acetate (PVA)
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2.1.5 Silicones
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2.1.6 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Reactive
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2.2.3 Hot-melt
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2.2.4 Other Technologies
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2.3 End-use Sector
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Infrastructure
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2.3.4 Industrial
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2.4 Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Rest of South America
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South America Construction Adhesives Market Size FAQs
What is the current South America Construction Adhesives Market size?
The South America Construction Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in South America Construction Adhesives Market?
3M, H.B. Fuller Company, Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the South America Construction Adhesives Market.